Carerx Corp Stock Market Value
| CRRX Stock | CAD 2.55 0.04 1.54% |
| Symbol | CareRx |
CareRx Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CareRx Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CareRx Corp.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CareRx Corp on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CareRx Corp or generate 0.0% return on investment in CareRx Corp over 90 days. CareRx Corp is related to or competes with Baylin Technologies, D2L, and Velan. CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada More
CareRx Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CareRx Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CareRx Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.2174 | |||
| Maximum Drawdown | 14.93 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 4.15 |
CareRx Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CareRx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CareRx Corp's standard deviation. In reality, there are many statistical measures that can use CareRx Corp historical prices to predict the future CareRx Corp's volatility.| Risk Adjusted Performance | 0.1588 | |||
| Jensen Alpha | 0.4111 | |||
| Total Risk Alpha | 0.695 | |||
| Sortino Ratio | 0.2634 | |||
| Treynor Ratio | 4.37 |
CareRx Corp Backtested Returns
CareRx Corp appears to be relatively risky, given 3 months investment horizon. CareRx Corp secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CareRx Corp, which you can use to evaluate the volatility of the firm. Please makes use of CareRx Corp's Mean Deviation of 1.76, downside deviation of 1.94, and Risk Adjusted Performance of 0.1588 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CareRx Corp holds a performance score of 13. The firm shows a Beta (market volatility) of 0.0917, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CareRx Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding CareRx Corp is expected to be smaller as well. Please check CareRx Corp's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether CareRx Corp's price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
CareRx Corp has modest predictability. Overlapping area represents the amount of predictability between CareRx Corp time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CareRx Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current CareRx Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
CareRx Corp lagged returns against current returns
Autocorrelation, which is CareRx Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CareRx Corp's stock expected returns. We can calculate the autocorrelation of CareRx Corp returns to help us make a trade decision. For example, suppose you find that CareRx Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CareRx Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CareRx Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CareRx Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CareRx Corp stock over time.
Current vs Lagged Prices |
| Timeline |
CareRx Corp Lagged Returns
When evaluating CareRx Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CareRx Corp stock have on its future price. CareRx Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CareRx Corp autocorrelation shows the relationship between CareRx Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CareRx Corp.
Regressed Prices |
| Timeline |
Other Information on Investing in CareRx Stock
CareRx Corp financial ratios help investors to determine whether CareRx Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CareRx with respect to the benefits of owning CareRx Corp security.